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Asia markets mostly lower


FE Team | Published: September 30, 2022 21:24:37


Asia markets mostly lower


Shares in the Asia-Pacific were mostly lower on Friday, the last day of the third quarter, following another sell-off on Wall Street overnight. In Japan, the Nikkei 225 slipped 1.83 per cent to 25,937.21, and the Topix index fell 1.76 per cent to 1,835.94. The Hang Seng index in Hong Kong was 0.27 per cent higher in the final hour of trade, while the Hang Seng Tech index dropped 1.05 per cent. Mainland China's Shanghai Composite shed 0.55 per cent to 3,024.39, and the Shenzhen Component was 1.29 per cent lower at 10,778.61. The Kospi in South Korea declined 0.71 per cent to 2,155.49 and the Kosdaq shed 0.36 per cent to 672.65. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.11 per cent. US stocks tumbled in Thursday's session. "Geo-political and inflation risks are not subsiding, and risk assets are taking the strain as expectations of lower growth and higher funding costs continue to permeate," analysts at ANZ Research wrote in a Friday note.

— CNBC

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